Is Medina County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Medina County has remained a Seller's Market.
Key Takeaway
Medina County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medina County, OH
How much do homes in Medina County, OH cost?
Median Sold Price
$315,465
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Medina County have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Medina County was $315,465 in March 2024, up 8.9% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.4K | - | N/A |
| 2 Bedrooms | $185.4K | $189.9K | +2.4% |
| 3 Bedrooms | $268.6K | $289.9K | +8.0% |
| 4 Bedrooms | $357.9K | $380.4K | +6.3% |
| 5+ Bedrooms | $510K | $522.5K | +2.5% |
Summary: Medina County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Medina County | $289.7K | $315.4K | +8.9% |
| Wayne County | $210.7K | $225K | +6.8% |
| Summit County | $180.2K | $188.8K | +4.8% |
| Cuyahoga County | $181.5K | $189.4K | +4.4% |
| Lorain County | $214.9K | $217K | +1.0% |
Housing Supply in Medina County, OH
How many homes are available in Medina County, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 406 | 396 | -2.5% |
Summary: The Medina County real estate market had 396 homes for sale in March 2024, a 2.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 45 | 46 | +2.2% |
| 3 Bedrooms | 182 | 182 | 0.0% |
| 4 Bedrooms | 144 | 133 | -7.6% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The Medina County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 141 | +11.0% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina County, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.
Summary: A total of 141 homes were sold or pending in Medina County in March 2024, up by 11.0% month-over-month. Of the 141 sold homes, 40% were sold under asking, 15% were sold at asking, and 45% were sold over asking.
Days on Market for Medina County, OH
How long does it take to sell a home in Medina County, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +17.6% |
Summary: Homes in Medina County had an average of 36 days on market in Mar 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medina County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 141 homes were sold in Medina County; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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